Trammo and Proton Ventures Sign MOU for Cooperation on Worldwide Green Ammonia Projects

Schiedam, the Netherlands / Paris, France Jan 18, 2021

​ Trammo DMCC, a subsidiary of Trammo, Inc., a leading global commodities merchandising and trading company, and Proton Ventures BV, an engineering company in the Netherlands specialised in ammonia technology, signed a Memorandum of Understanding (“MOU”) for joint cooperation on green ammonia projects. As part of the joint cooperation, Proton Ventures would construct green ammonia production units, storage facilities and import and export terminals (“NFuel Projects”) and subsequently supply the green ammonia produced through wind and solar energy to Trammo. Trammo, the world’s leading independent marketer and transporter of ammonia with more than 55 years of ammonia marketing and logistics experience, would offtake and market the green ammonia and transport it to customers around the world using its fleet of specialized refrigerated vessels. ​ Christophe Savi, Head of Trammo’s Ammonia Division, said: “We are pleased and proud to use Trammo’s long-standing transportation and distribution expertise to develop green ammonia projects. Trammo strongly supports sustainable systems as well as environmentally friendly solutions and intends to participate actively, together with its existing suppliers and other participants, in the industry’s green transition. We believe that this innovative partnership with Proton Ventures will create great synergies between our respective companies, allowing us collectively to service the global decarbonization process while adding new key logistics solutions for many of our partners in the marketplace.” ​ Hans Vrijenhoef, CEO of Proton Ventures, says: “We are thrilled with this MOU with Trammo. From a technical point of view Proton Ventures will take the lead to organize, design and execute NFuel Projects on behalf of our clients. We believe that the participation of Trammo as off-taker, with its extensive experience, reputation for reliability and global marketing network, will ensure the required offtake agreements for the projects.” About Trammo Trammo is a leading international merchandising and trading company that markets, trades, transports and distributes key raw materials used in industrial processes and fertilizer production globally. The Company is a market leader in anhydrous ammonia, sulfur, sulfuric acid and petroleum coke. In addition, Trammo is a producer and marketer of nitric acid in the United States. The history of Trammo spans more than 55 years. For more information, visit: https://www.trammo.com/About Proton Ventures Proton Ventures is a technology company that is working to make the global energy transition a reality. The company specializes in ammonia related technologies and products, including storage concepts for chemical and liquid energy carriers. Proton Ventures designs and builds pressurized ammonia storage facilities, small scale ammonia production facilities ‘NFuel’ units as well as SCR processes. For more information visit: https://protonventures.com/ ​ ​ Media relations Trammo, Inc. 667 Madison Avenue New York, NY 10065-8029 +1 (212) 223-3200 louis.epstein@trammo.com Proton Ventures Rianne Vriend-Vrijenhoef +31 (10) 426-7275 rianne.vriend@protonventures.com